Cat-themed memecoin Popcat (POPCAT) was the outlier Tuesday, buying and selling within the inexperienced amid a broader memecoin meltdown precipitated by fears of battle within the Center East.
What occurred: The Solana SOL/USD-based coin was up 0.28% as of this writing, changing into the one cryptocurrency among the many high 10 greatest meme cash by market capitalization to report beneficial properties.
POPCAT’s buying and selling quantity popped 45% to $209.47 million over the past 24 hours, and the coin was additionally among the many greatest gainers within the broader cryptocurrency market.
The feline-impressed token has been the market’s greatest gainer in 2024, exploding a staggering 12383% 12 months-to-date.
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The beneficial properties had been in stark distinction to the massacre seen elsewhere, with heavyweights like Dogecoin DOGE/USD and Shiba Inu SHIB/USD shedding as a lot as 7% of their worth. The overall meme coin market capitalization contracted 5% within the final 24 hours.
The droop adopted escalating tensions in the Middle East, after Iran launched a missile barrage in opposition to Israel, inflicting traders to dump dangerous belongings.
Market bellwether Bitcoin BTC/USD was down 2.9% as of this writing, whereas Ethereum plunged greater than 5% within the final 24 hours.
Value Motion: On the time of writing, POPCAT was exchanging fingers at $1.01, up 0.28% within the final 24 hours, in line with data from Benzinga Pro.
Picture by way of Flickr/ Richard
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